The import of veneer or ply sheets of tropical woods to Germany is forecasted to decline significantly from 2024 to 2028. Starting at approximately $4.72 million in 2024, the value decreases with a year-on-year decline each subsequent year, reaching about $0.35 million by 2028. The compound annual growth rate (CAGR) over this five-year period suggests an average yearly decrease of around 41.2%. This continual decrease highlights a marked shift in trade dynamics for this product.
Future trends to watch include:
- Changes in consumer preferences towards sustainable and locally sourced materials.
- Possible regulatory adjustments regarding tropical wood imports to promote environmental conservation.
- Economic factors such as fluctuations in commodity prices or currency exchange rates, which could impact import costs.
- Technological advancements in alternative materials that might reduce dependency on tropical woods.